Investor (Provisional) (Subclass 162)
Step 3 - Make a Designated Investment
The table below outlines the process for making a Designated Investment.
| Step | Person/Organisation | Action |
|---|---|---|
| 1 | Investor | To make a Designated Investment you should contact the State/Territory Treasury Corporation you are being sponsored by. They will send you current information on the terms and conditions and an investment application form and instructions on how to lodge a Designated Investment in their State/Territory |
| 2 | Office processing your visa application | Send you a letter advising you to make a designated investment |
| 3 | Investor | Complete the investment application form and Part 2 of form 1031. Both forms should be sent to the postal address of the relevant Treasury Corporation. Note: Your Designated Investment must be made in time for you to enter Australia before your health and character clearances expire. Information on health and character clearances may be obtained from the office processing your application. |
| 4 | State/Territory agency | Individual State/Territory agencies will provide advice on procedures to transfer your funds to the Designated Investment. The funds must be in Australian dollars. |
| 5 | Stock Issuing authority | On receiving your funds, the stock issuing authority will send you a letter or certificate to acknowledge receipt.
That agency will also complete Part 3 of form 1031 and send it to the office processing your application. Note: Funds can be deposited in a Designated Investment in your name or in your name and the name of your partner. Once the investment is made, funds cannot be withdrawn before the 4 year term has expiries, except in exceptional circumstances. |
Before you make a Designated Investment you should have read all the information available.
See: Designated Investment
To be granted this visa you must have made a Designated Investment before the decision on your visa has been made.
Visa decision
If the visa is approved
The department will advise you (or your authorised recipient). An Investor (Provisional) visa (subclass 162) will be granted.
If the visa is not approved
The department will advise you (or your authorised recipient) in writing of the reasons for that decision and if the decision is reviewable by the Migration Review Tribunal.
Visa processing times
The processing times apply to applications lodged with complete documentation.
Processing times for Business Skills visas vary depending on 'high risk' or 'low risk' country requirements. Low risk countries are Electronic Travel Authority (ETA) eligible. High risk countries are those not on the ETA list.
See:
www.eta.immi.gov.au
Business Skills Visa Processing Times